Longboat Key Community Information | School District
Longboat Key Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for July was 219 , up 110.6 % from 104 days last month and up 146.1 % from 89 days in July of last year . The July 2016 DOM was at a mid level compared with July of 2015 and 2014 . |
350 300 250 200 150 100 |
127 |
89 |
219 |
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50 |
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Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The July 2016 Selling Price per Square Foot of $ 662 was down 8.7 % from $ 725 last month and up 23.0 % from 538 in July of last year .
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The July 2016 Selling Price vs Original List Price of 92.1 % was down from 92.3 % last month and down from 94.2 % in July of last year .
0 |
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13 |
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14 |
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15 |
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16 |
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Selling Price per Square Foot |
3 Mo Avg |
850 800 750 700 650 600 550 500 450 400
140 % 120 % 100 % 80 % 60 %
564
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O N D |
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F M A M |
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13 |
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14 |
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15 |
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16 |
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538
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
86.5 %
3 Mo Avg
662
94.2 % 92.1 %
40 % 20 %
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in July 2016 was 9 , up 12.5 % from 8 last month and up 28.6 % from 7 in July of last year .
0 % A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 13
14 15
16
Inventory / New Listings / Sales
160 140 120 100 80 60 40 20 0 A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 13
14 15
16
85 92 94 99 102
111 119 113 113 104 99 97 97 94 96 101 114 117 110 109 102 94 95 90 87 88
101 114 118
142
152 142 137 128 122
113 c o l d w e l l b a n k e r h o m e s . c o m | 53